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|   | (E) | Lessor determines that any material warranty or representation of Lessee herein was untrue when made;  |

  




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| --- | --- | --- |
|   | (F) | Lessee’s Air Carrier Certificate (reference Article 1.3) is revoked or suspended for any reason;  |

  




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| --- | --- | --- |
|   | (G) | Lessee ceases doing business as a going concern, makes an assignment for the benefit of creditors, admits in writing its inability to pay its debts as they become due or such fact
is determined in a judicial proceeding, files a voluntary petition in bankruptcy, has a petition in bankruptcy filed against it, is adjudicated a bankrupt or an insolvent, files a petition seeking for itself any reorganization, arrangement,
composition, readjustment, liquidation, dissolution or similar arrangement under any present or future statute, law or regulation, or files an answer admitting the material allegations of a petition filed against it in any such proceedings, consents
to or acquiesces in the appointment of a trustee, receiver or liquidator of it or of all or any substantial part of its assets or properties, or if it or the holders of its Common Stock shall take any action contemplating its dissolution or
liquidation (but excluding a filing of technical insolvency with the Internal Revenue Service for income recognition purposes);  |

  




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| --- | --- | --- |
|   | (H) | Lessee attempts to sell, transfer, sublet, encumber or part with possession of the Aircraft or any item thereof in breach of this Lease; or  |